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HomeMy WebLinkAbout0011 ~ i i' ~ • t : i ~ ,t I i i , ~ and shall perform, comply with and abide by each and every the agreements, ~ stipulations, conditions and covenants thereof, and of this mortgage, then thisi mortgage and the estate hereby created, shall cease, dete=mine and be null and ~ i; t ` VO~a. i AND the mortgagor hereby further covenants and agrees to pay pronaptly ~ I when due the principal and interest and other sums of money provided for in ' ~ . ~ sa~.d note and this mortgage, or either; to pay aIl and singular the taxes, as- ~ f ;i i c - sessments, levies, liabilities, obligations, and encumbrances of every nature i ~ . on said property,; to permit, commit, or suffer no waste, impainaent or deteri-i oration of said land or the improvements therein at any time; to keep the build~ ings now or hereafter on said land fully insured in a sum of not less than high~ , est insurable value in a company or companies acceptable to the mortgagee, the j ; policy or policies to be held hy, and payable to said mortgagee, and in the e- i ~ ~ vent any sum of money becomes payable by virtue of such insurance the mortgagee~ shall have the right to receive and apply the same to the indebtedne,ss hereby ~ secured, accounting to the mortgagor for any surplus; to pay all costs, charges~ ` and expenses, including lawyer's fees and title sear~hes, reasonably incurred ~ or paid by the mortgagee because of the failure of the mortgagor to promptly ~ ' and fully comply with the agreements, stipulations, conditions and covenants of; i ' said note and this mortgage, or either; to perform,~comply with and abide by ; each and every the agreements, stipulations, conditions and covenants se~ forthj in said note and this mortgage or either. In the event the mortgagor fails to ± I pay when due any tax, assessment, insurance premium or other sum of money pay- ; I '~able by virtue of said note and this mortgage, or.either, the mortgagee may pay! ; ; ~ the same, without waiving or affecting the option to foreclose or any other ; c € ~~right hereunder, and all such payments shall bear interest from date thereof ; ~ _ . ~ •at the highest lawful rate then allowed by the Iaws of the State of Florida. ~ ~ ' ~ : IF any sum of money herein referred to be not promptly paid within 30 :days next after the same becomes due, or if each and every the agreements, stipa ~ ulations, conditions and covenants of said note and this mortgage, or ei~her, 'are not fully performed, complied with and abided by, then the entire sum men- : tioned in said note and this mortgage, or the entire balance unpaid thereon, ~ ~ shall forthwith or thereafter, at the option of the mortgagee, become and be ~ •'due and payable, anything in said note or herein to the contrary notwithstand- i ~ ing. Failure by the mortgagee to exercise any of the rights or options herein ~ z provided shall not constitute a waiver of any rights or options under said note~; ~ ~ or this mortgage accrued or thereafter accruing. , ~ ` IN WITNESS WHEREOF, the said mortgagor has hereunto signed and sealed ~ ~ !these presents the day and year first above written. ¢ ; ~ ~ ~ • i ~ ~ ~ ; ~ • . ~ ~ d~ : ~ F' ~ = ~+~~tJ t1+~~ ' ~ ; ~ ' ~ ~ _ n_ . . . . ~ _ _ _ ~ ~ _~s.. _ ~ t.